Reply to: Property gravy train back on track

[Denny]

Although you are right about these things are a rip-off and full of wrong advice about trading you are complaining about not getting investing advice. Investing and trading are two vastly different things.

That's possibly true but I don't think attendees at the free seminar realised that at the time and weren't told that investing and trading were different. They were more motivated to get cautious people to sign up not gamble on impossible returns that are normally only accomplished by seasoned traders. Instead they led us to believe it was about investing in the stock market for medium to long term gains and nothing at all about high risk investments for quick, high wins and perhaps huge losses too if it all went pear shaped, which is highly likely if you're not a professional trader. They also said that their trading strategy worked whatever was happening in the economy at the time whether stocks went up or down.

They undoubtedly went out of their way to deceive people just to get them to take the bait.

[Francko]

Hurry, this is a one off opportunity to massive riches with zero effort and no capital upfront.

You forgot to mention that also zero risk is involved. I would demand that too.

[DimPrawn]

If anyone wants to know the real secrets of making money on BTL, stock market and a few other juicy gems, please let me know.

I'm running an in-depth, hands on course into how to make serious money in a matter of hours, not years.

Places are limited, first come first served. 3 day course it £5K per person.

Hurry, this is a one off opportunity to massive riches with zero effort and no capital upfront.

[PAH]

I was subjected to three days of brainwashing

That explains a lot.

But yes, there are endless types of courses or training seminars where they are just making suckers out of you (many start with MC). Probably run by the same scum that exploited people via pyramid schemes.

[thunderlizard]

This is disgusting. Making a zero-effort profit out of property is a basic human right. Why doesn't the government do something about it? What do you mean they already have been?

[HairyArsedBloke]

What is more, the 3 day course didn't tell you anything you really needed to know about trading successfully and instead of teaching us about long term safe trades and how to read the stock market and understand how to choose stocks, they quickly moved to day trading, selling short, which would make big bucks very quickly.

Although you are right about these things are a rip-off and full of wrong advice about trading you are complaining about not getting investing advice. Investing and trading are two vastly different things.

[Denny]

Ha ha ha ha ha ha ha ha ha rofl rofl ha ha ha ha ha

'She received an unsolicited mailshot from property investment company Inside Track Seminars. It said she "could give up work and be a property millionaire" and that she could "live on easy street instead of struggling for a living".'

How stupid can people be?

Inside Track.


Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha

OMG

ROFLROFLROFL

"seven investment properties - one in Manchester, two in Spain and four in Florida"

ha ha ha ha

These sorts of adverts should be banned. They are on many of the radio stations, including LBC, and just pander to peoples' vulnerability and greed.

I got sucked in once, when I attended a free seminar called 'Teach my to Trade' a Russ Whitney course. They too offered another course about property investing, like the Inside Track.

I signed up after the free seminar which was harmless enough, and paid £2K for the 3 day course and expected, very niaively, to be put into a classroom with computers and taught how to trade to make steady gains and read the stock market. How daft was I?

Instead, I was subjected to three days of brainwashing by American style motivational gurus which required chanting, jumping around like an idiot waving our arms to exhaust us and to raise our motivational streak and we were subjected to seeing photos on the back walls of lecturers' Ferraris and property portfolios resulting from their hugely succesful trading activities. Clearly, the message was 'you can have this too.'

The first danger signal was how they taught us how to use credit cards to raise cash to pay for initial trades (very dangerous). What is more, the 3 day course didn't tell you anything you really needed to know about trading successfully and instead of teaching us about long term safe trades and how to read the stock market and understand how to choose stocks, they quickly moved to day trading, selling short, which would make big bucks very quickly. By then the desire to learn and invest wisely was quickly replaced by the 'greed' juices whichh were flowing thick and fast. Suddenly, making a few thousand a year wasn't attactive anymore when you could make thousands every month.

The lecturers also spent most of the time withdrawing vital details we needed to trade succesfully and to learn them we would need to sign up to another expensive course costing about £12K. The forms were handed round mid class sessions. Meanwhile, the classroom teaching on trading was so minimal and the teaching so fast it was impossible to make notes, plus we were distracted by tiredness from all the lunatic chanting and jumping about we were encouraged to do.

Attendees of the course were also watched like a hawk on the sidelines by TMTT aides to ensure we didn't ask too many akward questions. Anyone who did speak up and say anything demotivating were encircled by these spies and asked to go to one side alone to discuss the problem. There was no chance to speak to other attendees there about anyone's doubts. Part of the motivational teaching was to heavily discourage dissent or criticism by telling us that people who doubted their future success at trading were simply not up to the mark and shouldn't be allowed to demotivate anyone else. It was like being at an religious cult weekend enlistment centre.

The whole thing was a complete con. By the time, I spelt a rat by lunchtime of day 2 (day 1 that started in the evening, was pretty harmless and the motivational nonsense I thought was just a warm up introduction to prepare us for serious teaching on day 2) my chance to get my deposit back (which was only allowed after the first day) had passed. Most of the problems I mentioned above happened on days 2 and probably worse on day 3.

It was clear by mid afternoon on day 2 that the course I had paid for was simply a sales course to sell more, ever more expensive courses. So by the end of that day I demanded my money back. I told them in no uncertain terms that I would mount a publicity campaign to ruin them if I didn't get an immediate refund. I did get the money back the same day, once I told them I was a journalist (not that I was).

This Property Inside Track nonsense is obviously in the same camp as the course I attended.

The moral of this tale is this: if it seems too good to be true and promises quick returns for little effort then it probably is. Furthermore, if these people were really making a lot of money they wouldn't need to run courses like this in the first place. Obvious really, when you think about it. This is where they make their money, not by trading succesfully. So avoid like the plague.

[dude69]

http://www.guardian.co.uk/money/2008...y.houseprices2

Point and laugh kids....point and laugh.

Ha ha ha ha ha ha ha ha ha rofl rofl ha ha ha ha ha

'She received an unsolicited mailshot from property investment company Inside Track Seminars. It said she "could give up work and be a property millionaire" and that she could "live on easy street instead of struggling for a living".'

How stupid can people be?

Inside Track.


Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha

OMG

ROFLROFLROFL

"seven investment properties - one in Manchester, two in Spain and four in Florida"

ha ha ha ha

[Sockpuppet]

http://www.guardian.co.uk/money/2008...y.houseprices2

Point and laugh kids....point and laugh.

[Sockpuppet]

We highlight the story of Tamsin Barks, a Sussex vet who was persuaded by a property seminar company that she could make a fortune by investing in new-builds. She bought seven properties, including one in Manchester, but estimates her total losses after costs at £350,000.

Thats what the text "Warning: The value of investments may go up as well as down" means then.

0% sympathy here love. Jog on.

[Clippy]

and promptly derailed!

[PAH]

This is a contractors board. No communists please!

Sorry, I'm colour blind. Must have put a red top on by mistake.

Almost as bad as the time I put a green one on. Went on a rampage through town throwing rotting veg at any passing 4x4.

[hugebrain]

So if they get sacked shortly before the bonuses are due, do they no longer get them? What a shame that would be.

This is a contractors board. No communists please!

[The Master]

Property gravy train

Looks like everything is tickety-boo on the property gravy train

Phew, that property crash was rough but we seem to be on the up and up now. Equity release scheme, anyone?

[PAH]

"A survey by the headhunter Morgan McKinley has revealed that 71 per cent of those employed in financial services expect a bonus as high or higher than that of last year."


-he ought to have said "...71 per cent of those still employed..."

So if they get sacked shortly before the bonuses are due, do they no longer get them? What a shame that would be.